CLM 101

Getting Started with Contract Lifecycle Management and Contract Intelligence

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What is Contract Management Software?

Contract management software is designed to help lawyers and other professionals create, negotiate, renew, and collect data on existing business contracts.

What is Contract Management?

Contract management is the process of organizing a body of contracts, contract terms, templates, and clauses to drive standardization and efficient retrieval. However, unsophisticated approaches to contract management are becoming a major liability to enterprises as risk management and agility become imperative.